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Survey: More millennials using financial advisors

Millennials are increasingly seeking professional financial advice, with 42% using an advisor in 2017, up from 36% in 2016, according to a survey from the Transamerica Center for Retirement Studies. The survey also showed the use of financial advisors fell 2 percentage points to 37% during the same period for…

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Report: QLACs a good retirement solution for an aging population

Qualified longevity annuity contracts are an effective solution for an aging population fearful of running out of money in retirement, but so far QLACs haven’t attracted significant assets, according to a report from Cerulli Associates. The Treasury Department and the IRS made QLACs accessible to 401(k) plans and individual retirement…

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